WBS » Topics » Capital

This excerpt taken from the WBS 8-K filed Oct 23, 2007.


Webster repurchased 1,152,800 shares of its common stock during the third quarter at a total cost of $48.9 million. As of September 30, 2007, Webster had 0.7 million shares of remaining


availability under the 2.8 million share repurchase authorization that was announced on June 5, 2007 and 2.7 million shares of availability under an additional authorization that was announced on September 26, 2007, for combined availability of approximately 3.4 million shares.

Mr. Plush noted: “Our improved capital position enabled us to repurchase over 1.1 million shares in the quarter and 3.1 million shares year to date while maintaining our principal capital ratios within the target ranges we outlined in our most recent investor presentation in September. We intend to continue to selectively repurchase our shares given the current level of our stock price.”

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